Cat bond market reaches record high

The catastrophe bond market has reached a record high of around $27.7 billion of risk capital outstanding, Artemis.bm reported. The total includes $4 billion worth of cat bonds issued so far this year. The appetite for collateralized reinsurance in a securitized form has continued to grow, while appetite from investors and insurance-linked securities funds to allocate capital to the more liquid cat bond notes is also on the rise.

Read more.